ITR Filing Date Extended: CBDT Gives Taxpayers One More Day to File Returns
The Central Board of Direct Taxes (CBDT) has given a big relief to taxpayers by extending the deadline for filing income tax returns (ITR). According to the Finance Ministry’s notification released late on Monday night, taxpayers now have time until 12 midnight on September 16, 2025 to complete their filings for the Assessment Year (AY) 2025-26.
Why the Extension Was Announced
As per the Income Tax Department, more than seven crore ITRs were filed by September 15, the earlier due date. However, due to the heavy traffic on the e-filing portal, many users faced difficulties. To ease the process, CBDT decided to extend the deadline by one day, giving relief to those who couldn’t file their returns on time.
Penalty Rules Still Apply After Deadline
Earlier, CBDT had already extended the deadline from July 31 to September 15. If you miss the September 16 deadline, you may have to pay a late filing penalty. The penalty depends on your income bracket and the timing of your filing.
Filing Options Under Income Tax Act
Section 44ADA: Available for professionals like doctors, lawyers, and accountants, where 50% of gross receipts are considered income. Applicable for individuals and partnership firms.
Section 44AD: Designed for small businesses, where 8% of turnover is treated as income.
However, there is still debate over whether taxpayers not covered under Section 44ADA can claim benefits under Section 44AD.
Final Reminder
If you still haven’t filed your ITR, today is your last chance to avoid penalties. Select the right ITR form based on your income and profession and complete your filing before midnight.
Frequently Asked Questions (FAQs)
1. What is the new last date to file ITR for AY 2025-26?
The Income Tax Department has extended the ITR filing deadline to September 16, 2025 (midnight).
2. Why did CBDT extend the ITR filing deadline?
The extension was given due to heavy traffic and technical issues on the e-filing portal on the previous last date.
3. What happens if I miss the September 16 deadline?
If you miss the deadline, you may have to pay a late filing penalty, which varies depending on your income level.
4. Can professionals file under Section 44ADA?
Yes, professionals like doctors, lawyers, engineers, and accountants can file under Section 44ADA, where 50% of gross receipts are considered income.
5. What is the penalty for late filing of ITR?
The penalty can go up to ₹5,000 if you file after the deadline, depending on your total income.
